Renovated Duplex
24663 Chestnut Street Elberta, AL 36530
24663 Chestnut Street, Elberta, AL, 36530
$324,900
For Sale
$324,900
SINGLE_FAMILY - Elberta, AL
Property Size2,114 SF
Lot Size0.47 Acres
Price / SF$153.69
Days on Market26
Property Features for 24663 Chestnut Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Garage
- Fireplace
- 1
- Appliances
- Dishwasher, Range-Electric, Refrigerator
- Standard status
- Active
- APN
- 53-09-30-1-000-058.000
- Size
- 2,114 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Description
- 150(S) X 131(S) E 150 Of S1 2 Of Lot 30 McGrews Addn Les S R W Pb3 Pg100 In The City Of Elberta Sec 30-T7s-R5e (Wd)
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Flooring type
- Laminate
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Engel and Volkers Gulf Shores
(251) 304-9520
4780 Wharf Parkway East F105, Fairhope, AL
Listed by
Joe Emerson · License #120179-1
(251) 550-9021
Added: Jun 23 Checked: Jul 18 at 3:06 pm
MLS# 398463
Listing URL
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated farmhouse duplex offering two distinct units under one property. Unit A provides a 967 square foot layout, while Unit B offers 1,230 square feet. A detached garage adds flexible supplemental space for storage or other personal use.
The property has documented recent upgrades, including a metal roof installed in 2021 and a new HVAC system added in 2024. Unit B underwent a remodel in 2022, and Unit A received updates in 2024, supporting a refreshed, modernized condition for both units.
The detached garage and separate unit configurations make this duplex well-suited for residential income with straightforward, compartmentalized living spaces. Buyer should verify all information during due diligence.
The property has documented recent upgrades, including a metal roof installed in 2021 and a new HVAC system added in 2024. Unit B underwent a remodel in 2022, and Unit A received updates in 2024, supporting a refreshed, modernized condition for both units.
The detached garage and separate unit configurations make this duplex well-suited for residential income with straightforward, compartmentalized living spaces. Buyer should verify all information during due diligence.
Key Highlights
- Renovated farmhouse duplex in Elberta, AL with two separate units: Unit A (967 SF) and Unit B (1,230 SF)
- Over 2,000 SF total living area plus a detached garage for extra storage or flex space
- New HVAC system installed in 2024
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $13.80 |
| − Vacancy | −$1.5k | −$0.72 |
| EGI | $27.7k | $13.08 |
| − OpEx | −$8.3k | −$3.92 |
| NOI | $19.4k | $9.16 |
2,114 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.6K
$242.0K – $322.7K
NOI $19,359 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$246.2K
$215.4K – $287.2K
NOI $17,231 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$508.4K
$444.8K – $593.1K
NOI $35,586 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated farmhouse duplex with two separate units and a detached garage, plus recent roof and HVAC improvements.
Where is this duplex located?
The property is located at 24663 Chestnut Street Elberta, AL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Renovated farmhouse duplex in Elberta, AL with two separate units: Unit A (967 SF) and Unit B (1,230 SF); Over 2,000 SF total living area plus a detached garage for extra storage or flex space; New HVAC system installed in 2024
